Daito Trust Construction Co., Ltd. · TSE:1878

Daito Trust Construction — Q1 FY2009 Earnings Presentation

20 slides from Daito Trust Construction's earnings presentation, September 2009

  1. Slide 1: 1Q Financial Highlights, Year ending March, 2010

    1Q Financial Highlights, Year ending March, 2010 Contents Ⅰ．1Q Financial Results ・・・・・・・・・・・・・ 3 Ⅱ．Key figures ・・・・・・・・・・・・・・・・・ 15 Ⅲ．Appendix ・・・・・・・・・・・・・・・・・・ 26

  2. Slide 2: 1Q Financial Results: Income summary

    Ⅰ. 1Q Financial Results 1Q results Income summary Consolidated PL （millions of yen） Achievement 07/6 08/6 09/6 year on year Plan rate Net sales 74,699 161,841 180,514 +11.5% 183,459 98.4% Construction 41,308 43,270 55,504 +28.3% 57,265 96.9% Real Estate 25,770 113,755 119,487 +5.0% 120,729 99.0% Oth

  3. Slide 3: Income summary by segment (Construction)

    1Q results Income summary by segment（Construction） Construction （billions of yen） 1Q FY08 1Q FY09 （year on year） Net sales 43.2 55.5 （+28.3%） Gross profit 13.0 17.1 （+31.7%） Gross profit margin 30.1% 31.0% ［+0.9point］ [ ]： Difference from previous same period Percentage completion (billions of yen)

  4. Slide 4: Income summary by segment (Real estate)

    1Q results Income summary by segment （Real estate） Real estate （billions of yen） 1Q FY08 1Q FY09 （year on year） Net sales 113.7 119.4 （+5.0%） Gross profit 8.0 5.9 （-25.7%） Gross profit margin 7.0% 5.0% ［-2.0point］ [ ]： Difference from previous same period (billions of yen) (billions of yen) （%） 150

  5. Slide 5: Income summary by segment (Other business); SG&A expenses

    1Q results Income summary by segment （Other business） Other business （billions of yen） 1Q FY08 1Q FY09 （ year on year ） Net sales 4.81 5.52 （+14.7%） Gross profit 1.24 1.81 （+45.4%） Gross profit margin 25.9% 32.9% ［+7.0point］ [ ]： Difference from previous same period (billions of yen) (billions of ye

  6. Slide 6: SG&A expenses; Financial condition

    1Q results SG & A expenses（plan/year on year） SG&A② (billions of yen) 120 (118.5) 100 80 (83.2) 60 (57.6) 40 26.3 20 (27.3) 0 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. FY2008 Plan Actual 11 1Q results Financial condition Consolidated BS 1Q FY09 End of last fiscal year （billions of y

  7. Slide 7: Cash flows; FY09 Financial Forecast

    1Q results Cash flows CF Increase of stock in process, payment for income taxes Cash flows provided by -19.3 Operating activities Acquisition of investment securities Cash flows used in Investing activities -11.1 Payment for dividend Cash flows used in Financing activities -6.1 Cash and cash equival

  8. Slide 8: Key figures: Orders received

    Ⅱ. Key figures Key figures Orders received Orders received ◇Orders received ¥101.0bn（-20.1% year on year） (billions of yen) 140 126.5 119.8 120 98.8 ¥101.0bln 100 92.1 80 60 40 20 0 1Q 2Q 3Q 4Q 1Q 09/3 10/3 16

  9. Slide 9: Sales staff and sales efficiency; new contracts

    Key figures Sales staff and sales efficiency staff・efficiency ◇Number of sales staff the end of June 2,890 ◇Orders received by each sales staff 11.54million／month Number of Orders received by each sales staff sales staff (millions of yen) 2,937 3,013 2,882 3,020 2,890 3,000 30 2,000 20 14.10 13.41 1

  10. Slide 10: Cancel ratio; Unit price

    Key figures Cancel ratio Cancel ◇Cancel ratio 21.9% 50% 45% 40% 35% 30% 25.1% 25.8% 25% 21.9% 18.7% 20% 14.8% 15% 10% 5% 0% 1Q 2Q 3Q 4Q 1Q 09/3 10/3 19 Key figures Unit price Unit price ◇Unit price ￥72.93million (millions of yen) 100 81.59 79.70 78.21 80 73.48 ¥72.93mil 60 40 20 0 1Q 2Q 3Q 4Q 1Q 09/

  11. Slide 11: Number of tenancy agreements; Occupancy rate

    Key figures Number of tenancy agreement Tenancy agreement ◇Number of tenancy agreement 37,446（+7.7% year on year） 40,000 37,446 34,775 31,804 30,000 20,000 10,000 0 07/6 08/6 09/6 21 Key figures Rent basis occupancy rate（compared with the end of June） Occupancy rate① ◇Residential use (Jun.) 94.1%（-1

  12. Slide 12: Regional occupancy rate; Corporate customer contracts

    Key figures Regional Rent basis occupancy rate (Residential use) Occupancy rate② 100% 95.8% 94.5% 96.9% 95.3% 96.6% 95.5% Company 93.0% 93.8% 92.8% Ave. 92.5% 94.8% 93.1% 95.4% 95.6% 94.8% 94.1% 90.6% 91.8% 92.4% 50% 0% ai o ku o i u u hu u nk nt k aid ts ok k ho iko us To Ki Ka ine ug kk Ky To Sh C

  13. Slide 13: Appendix: Special reform plan

    Key figures Special reform plan Tenant recruitment Special reform to adapt any demands of tenants ＜Sample＞ Changing from Japanese-style to Western-style room Before(3DK) After(2LDK) Changing from DK to LDK 25 Ⅲ. Appendix

  14. Slide 14: Non-consolidated statement of income; subsidiaries (Construction)

    Non-consolidated statement of income （millions of yen） 1Q FY09 1Q FY08 year on year Net sales 63,078 52,573 +20.0% Construction 53,393 43,270 +23.4% Real estate & other 9,684 9,302 +4.1% Gross profit 17,818 12,409 +43.6% Construction 16,610 12,755 +30.2% Real estate & other 1,208 -346 － SG & A expen

  15. Slide 15: Financial summaries of major subsidiaries (Real estate)

    Financial summaries of major subsidiaries ②（Real estate） （millions of yen） Real estate business Daito Building Management Housecom 1Q FY09 1Q FY08 year on year 1Q FY09 1Q FY08 year on year Net sales 114,692 105,005 +9.2% 1,704 1,531 +11.3% Gross profit 4,718 7,977 -40.9% 1,704 1,531 +11.3% SG&A expe

  16. Slide 16: Financial summaries of subsidiaries (Others); employees

    Financial summaries of major subsidiaries ③（Others） （millions of yen） Other business Daito Asia Development Care Partner Gaspal (Malaysia) 1Q FY09 1Q FY08 year on year 1Q FY09 1Q FY08 year on year 1Q FY09 1Q FY08 year on year Net sales 1,281 1,040 +23.2% 2,696 2,383 +13.1% 426 648 -34.3% Gross profi

  17. Slide 17: Number of construction started units & Daito's share

    Number of construction started units & Daito’s share Number of construction started units 100,000 15% 82,659 11.6% 80,000 76,953 9.1% 10% 60,000 7.9% 51,429 40,000 5% 20,000 0 0% 07/5 08/5 09/5 Number of construction started units（Apr.-May） Daito's share(Apr.-May) （ Ministry of Land, Infrastructure,

  18. Slide 18: Orders received by regional blocks; Repeat orders

    Orders received by regional blocks Orders received (billions of yen） 40 50% (+44.5%) 35 25% 36.1 Company 30 0% Ave. (+0.4%) (+3.1%) +0.5% -20.1% 25 （+5.7%） (-17.1%) -25% 20 (-38.7%) -50% (-51.9%) (-49.4%) 15 16.5 (-67.2%) -75% (27.9) 15.4 10 -100% 8.8 5 6.1 7.2 -125% 5.7 3.2 1.8 0 -150% ai o u o u i

  19. Slide 19: Rent basis occupancy rate; units under management

    Rent basis occupancy rate Rent basis occupancy rate 98% 97% 96% 95% 94% 93% 92% 91% Residential use Commercial use 90% 04/3 04/9 05/3 05/9 06/3 06/9 07/3 07/9 08/3 08/9 09/3 09/9 Rent basis occupancy rate 05/6 06/6 07/6 08/6 09/6 year on year Residential use(%) 96.4% 96.2% 95.8% 95.6% 94.1% -1.5poin

  20. Slide 20: Diversifying fund-raising channel

    Diversifying fund-raising channel Shares of financial institutions （Construction starts basis） 40% Agricultural Others Regional 30% Cooperative (3.7%) Banks (11.3%) (29.3%) 20% Shinkin Banks (11.4%) 10% 0% Japan Housing City 07/3 08/3 09/3 09/6 Regional Banks City Banks Finance Agency Banks Japan Ho

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